Dubai-based neo capital expands global asset portfolio with strategic US and European acquisitions
€45 million Amsterdam development represents company’s second asset acquisition in the Netherlands and follows recent closing of US investment
Dubai, UAE: neo capital, the independent advisory and asset management company with headquarters in Dubai International Financial Centre (DIFC), has amplified its trans-Atlantic asset portfolio with the completion of two major new commercial properties in the USA and the Netherlands.
After sealing a milestone acquisition of Shirlington Tower, a multi-floor commercial property in Arlington, Virginia, neo capital has formally closed on a second major property acquisition in The Netherlands valued at 45 million (AED193 million), purchased from a leading Dutch real estate developer.
Renamed neo ams, the newly completed Grade A office building in Hoofddorp boasts sustainable design features with an optimal ecological approach. A BREEAM Excellent and WELL Silver certified property, neo ams has approximately 8,000 square metres of future-proof office space, as well as a host of leisure facilities including a gym, bars and restaurants, an extensive outdoor terrace, and a mini canal. The development has underground parking and 200 shared parking spaces, with charging stations for electric cars and spacious underground bicycle parking.
In taking neo capital’s assets under management to nearly $1 billion, the back-to-back acquisitions underline the firm’s strategic asset portfolio in key locations across the United States and Europe, according to Deborah Watt, Head of Real Estate Investments at neo capital.
“Our new acquisition in the Netherlands is precisely the type of development which meets neo capital’s rigorous portfolio requirements. It is an iconic development in the heart of a rapidly expanding commercial community that has been constructed to strict sustainable criteria with outstanding transport connectivity and an excellent pipeline of tenants. The asset will produce a well-diversified income stream and provide good potential for further rental growth,” explained Watt.
Hoofddorp is a well-connected and established commercial community, and neo ams is on course to be the finest corporate address within the emerging district. With dedicated train and bus stations, neo ams is a five-minute drive from Schiphol Airport and is easily commutable from Amsterdam and Rotterdam via a highway linking to other major cities including Utrecht and The Hague.
Major blue-chip organisations including FedEx, Nokia, Rabobank, Asics, L’Oréal, Schneider, and Omron have already opened headquarters in Hoofddorp, where the development of residential neighbourhoods, office buildings and service facilities continues apace.
neo capital moved into The Netherlands’ real estate market with the €50 million purchase of Weena 200 commercial towers in the heart of Rotterdam’s central business district 18 months ago.
“The neo ams investment is a further vote of our confidence in The Netherlands as an unrivalled gateway to Europe,” added Watt. “Having been ranked fourth in the world by Forbes’ ‘Best Countries for Business,’ The Netherlands is a world-class business destination which serves as a perfect springboard to access 95% of Europe’s most lucrative consumers within 24 hours of Amsterdam.
“The project is boosted by the Netherlands’ sound governance, robust economy and superior infrastructure. With the country home to world-class seaports, airports and an extensive network of railways and highways, the Dutch tax system offers competitive advantages for companies looking to relocate or expand their European operations. The Netherlands is fostering a pioneering and creative business environment which has ranked second on the Global Innovation Index and neo ams offers significant tenant leasing potential.”
Based in DIFC Dubai and London, neo capital is an independent investment advisory and asset management company with nearly $1billion of assets under management. neo capital has a wealth of experience in sourcing and managing real estate investments globally, and a portfolio of projects in the UK, Western Europe and the US real estate markets.Back to all news